May 12, 2006 03:50 PM | | Bookmark and Share

Even as the ink dries on a new federal tax cut for wealthy investors, Congressional tax writers are poised to extend a controversial, recently-expired corporate tax break, the Research and Experimentation (R&E) Tax Credit. The R&E credit has no proven track record of encouraging corporate research—and the extension currently under discussion would ensure that this track record remains unsullied by success.

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